I think they will unload all Cot even if it's slowly.
Rp I think if they had started selling before Crossman's resignation that could have been construed as trading on non-public information. They waited three months since the original
information was out there, so selling is no problem for them imo.
The pinks, most likely, if they even bother.
A company who owns 5% wouldn't be selling at such a loss, if they thought there was any hope imo.
Right. There reputation is spread by word of mouth. It appears their most popular product is the $90 hoodie. Until not long ago, people could wait 3 to 4 months before their order was filled and they were happy to wait.
It's all made in the USA and there are lots of UTube clips etc. There cotton is grown in North and South Carolina. This is an excerpt from an article.
"During the autumn harvest season of 2013, a white-haired cotton farmer named Jerry Hamill received a gift in the mail: a hooded sweatshirt. Normally, he wouldn’t have thought much of that—sweat clothes aren’t an important part of his wardrobe—but this looked like a different class of garment. It was a rich navy blue and made of heavy cotton, with a sturdy metal zipper running up the front, and made by a company called American Giant. Hamill hadn’t heard of it; he isn’t the kind of guy who looks at labels, and so wouldn’t know that Slate had dubbed the product he was holding "the greatest hoodie ever made." But he sure liked the way it looked when he tried it on.
"Most sweatshirts, there ain’t much to ’em," Hamill says, as he and I drive in his Ford pickup down a country road in North Carolina. "But this was a good sweatshirt."
One year later, Hamill is eagerly showing the fruits of his harvest-in-process to Bayard Winthrop—American Giant’s CEO, and the guy who sent the present. American Giant is trying to refashion the apparel industry supply chain, which is why Winthrop, a rugged brand builder whose four-year-old company is based in San Francisco, is standing on the edge of a white-tufted field, discussing his business plan over the whir of a cotton picker. Over the past two years, Winthrop has moved the vast majority of his production line to the Carolinas. Exaggerating only slightly, the salesman tells the farmer, "All of ours is coming from a 180-mile area."
Now that is the kind of CEO you want and nothing replaces 'quality'.
These guys in management/bod only care about keeping a job, so are they going to act in the
best interest of the company, I'd say no. So who do you see throwing good money after bad?
IMO the old guard has to be replaced period.
They sacrificed 'quality'.
Then they became one of the many.
With the track record of the Furrows, Dahan and the rest running this company (if it's being run at all), would you as a lender, want to back
any of them? I don't think so.
Too bad they don't use it on the BOD. I as an investor would like to see if the product works, and throw in that anti-bacterial as well.......this company is toxic.